Oil Equipment & Services Have Never Been this Oversold in the Post WW2 Environment

Oil Equipment & Services Have Never Been this Oversold in the Post WW2 Environment

Below I plot the 10-yr RoC in the FTSE Oil Equipment & Services Index along with the index itself.  A decade is a logical period for look-back analysis and doubles as the anniversary of crude’s 2008 all-time high print of ~$145.  I’ve…...

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Crude: 1980-1990...2008-2018

Crude: 1980-1990…2008-2018

Recall this mid-May post on the relationship b/t crude and gold.  Therein, I also spoke about crude on its own, as follows: “What’s also interesting about crude since 2008 is how closely its cycle resembles the period from 1980-summer-1987.” I presented…...

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Oilfield Services Attractive on Numerous Relative Fronts

Oilfield Services Attractive on Numerous Relative Fronts

One could spend a few hours cycling through charts of various US equity industries, both on an absolute and relative basis vs. the SPX, and find very little to get excited about. They simply all look the same – nearly…...

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